RCN Corp. (RCNC) - Voice-Video-Internet Message Board

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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet

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To: John Liu who wrote (713)	9/4/2002 5:56:05 PM
From: Howard Salwen	Read Replies (1) of 720

RCNC presented at the Kaufmann show this afternoon at 4:15PM. So, your question was remarkably timely. I had just finished looking at the slide show which accompanied the RCN presentation. You can see the slides (powerpoint, really) by going to www.rcn.com, then, investor info, then, press releases (I think). In that area there is a box about the Kaufmann presentation with a "click here" for the slides. ANyway, it looks like RCN has brought down spending and brought up income. In addition, they are selling off a non-mainstream, inherited operation for $245M. Their current cash burn including capex is $79M/quarter and the trend is down. Boston and I think S.F are EBITDA positive now. They expect the whole operation to be EBITDA positive early next year. They have a large debt, still. but, I think they are going to make it.

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